This can substantially lower your monthly payments by extending the repayment terms as well as reducing interest rates. (cedaredlending.com)
For starters, consolidating your loans with a private lender offers the possibility of extending your repayment term, providing relief from high monthly payments like federal consolidation. (studentloans.net)
Borrowers can also extend their repayment terms by consolidating student loan debt and enrolling in a standard or graduated repayment plan. (credible.com)